Karam Ceramics Ltd. announced Financial Results for the period ended June 30, 2017.
The company’s Net Sales for the period decreased by 28.04 percent in the outgoing year, whereas the company reported losses for the reported period.
The board has not recommended any Dividend for the year. The board issued no bonus or right shares.
Comparison of Key Financials
|
Unconsolidated Profit and Loss Account – For the Year Ended |
|||
|
Key Financials |
2017 |
2016 |
% Change |
|
Amounts in PKR ‘000 |
|||
|
Net Sales |
860,670,027 |
1,196,043,437 |
-28.04% |
|
Cost of Sales |
838,541,136 |
1,137,369,905 |
-26.27% |
|
Gross Profit |
22,128,891 |
58,673,532 |
-62.28% |
|
Selling & Dist: Expenses |
23,402,095 |
26,308,642 |
-11.05% |
|
General & Admin: Expenses |
23,336,634 |
20,138,747 |
15.88% |
|
Other Operating Charges |
2,600,133 |
1,229,600 |
111.46% |
|
Operating (Loss)/Profit |
(27,209,971) |
10,996,543 |
|
|
Other Income |
653,326 |
36,343,948 |
-98.20% |
|
Finance Cost |
58,020,259 |
47,405,198 |
22.39% |
|
Loss before Taxation |
(84,576,904) |
(64,707) |
|
|
Taxation |
9,755,116 |
22,382,567 |
-56.42% |
|
Loss after Taxation |
(74,821,788) |
(22,447,274) |
|
|
EPS – Basic & Diluted |
(5.14) |
(1.54) |
|
Company release on Earnings Report can be accessed here.
